Head of Risk

3 weeks ago


City of London, United Kingdom MARKET TALENT Full time

**We are partnering with a City based Banking Institution who provides Trade Finance, Treasury, Real Estate and consumer banking products seeking a well experience Risk and Compliance specialist who can will be responsible and willing toobtain the SMF4 and SMF16 regulatory functions leading a small team of 3 individuals.** **You will be responsible for the following**:
Risk

- Develop and maintain the firm's Risk Management Framework (RMF) in line with the firm’s strategy and also evolving statutory and regulatory obligations
- Develop and maintain the firm’s Risk Appetite in line with the firm’s strategy and recommended to the CEO, Credit Committee, ALCO, EXCO, and Board
- Develop and maintain the firm's policies, systems and procedures to identify, manage, monitor, and control the key risks to which the firm is or may be exposed
- Review strategies, policies, systems, and procedures for taking up, managing, monitoring, controlling, and mitigating the risks to which the firm is or may be exposed
- Work with the Internal Auditors to ensure the internal audit plan fully reflects the key risks to which the firm is or may be exposed
- Ensure that the systems and procedures are in place to produce timely and appropriate MI, risk statements and reports for management and the Credit Committee /ALCO/ARC/Board
- Oversee IT security and controls
- Develop, implement, and maintain the firm’s Business Continuity Plan (BCP)
- Develop and maintain the firm’s ICAAP and produce on an annual basis
- Develop and maintain the Bank’s Recovery and Resolution Plan and oversee the internal processes regarding their governance.
- Managing the Bank’s internal stress testing, ensuring accuracy and timeliness
Compliance

- Develop and maintain the firm's Compliance policies, systems, and procedures in line with evolving statutory and regulatory obligations
- Develop and maintain Compliance Monitoring Programme across the firm and review it on an annual basis
- Monitor regular compliance of the firm and its staff on adherence to the policies, procedures, applicable laws, and regulations
- Provide adequate compliance training and education to new and existing staff (including senior managers) on changes in applicable laws and regulations when onboarding and ongoing basis
- Ensure that the systems and procedures are in place to produce timely and appropriate MI, compliance statements, and reports for management and the Credit Committee /ALCO/ARC/Board
- Customer complaints handling including the firm’s response to complaints within set timelines
- Guidance for business units to develop products, and marketing materials by enduring to all internal and regulatory rules
- Prompting strong risk and compliance culture within the firm and ensuring that the staff are aware of their responsibilities
**Requirements**:

- Minimum 10-15 years banking experience with experience of managing Risk and or Compliance functions at this level.
- Ideally experience in Ops Resilience, BCP, Stress Testing, Monitoring Programs and confidence in DPO.
- Act as the secretary to the Board, ARC, Credit Committee and company secretary of the firm
- Report to CEO, Credit Committee, and when appropriate to ARC and attend as a member of the firm’s EXCO, ALCO, ITSCO



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